In Trump style, he just ‘tweeted’ that he will announce in December that is leaving his business “in total” to “fully focus on running the country.” PLEASE TAKE NATIONAL POLLS AND PETITIONS. YOUR OPINION MATTERS Results Are Sent To Congress - Let Congress Hear Your Voice
PLEASE TAKE NATIONAL POLLS AND PETITIONS. YOUR OPINION MATTERS
Results Are Sent To Congress - Let Congress Hear Your Voice
The media which has been against Trump from the beginning has been hammering it into Americans that Trump’s businesses are a conflict and a risk to security. Legally any President would not be required to sever their businesses. However, the media is on a quest to discredit Trump in any way possible.
During the campaign, Trump said he would fully sever himself from the business. Last week he suggested he might reverse himself, saying he legally could retain his role in the business operations.
Trump also tweeted that while he is not mandated to hand off the business, he feels it is “visually important, as President, to in no way have a conflict of interest” with his businesses.
If Trump hands off the business to his children, as he has indicated he would like to do in the past, it could still present conflicts or perceived conflicts of interest between the Trump administration and the Trump family.
In the past, presidents have placed their funds in a blind trust, operated without their knowledge by an independent party. Meanwhile, Trump remains close to his children, with many currently occupying official roles in his presidential transition. Trump tweeted that his children will be present at the Dec. 15 conference, suggesting they will be playing some role in his business going forward — which also means that the fundamental issues surrounding Trump’s business empire and his upcoming presidency will largely remain as well.
Earlier this month, Rep. Katherine Clarke (D-Mass.) introduced a bill that would require the president and vice president to place all assets in a blind trust or to notify the Office of Government Ethics when they take a course of action that would affect their finances.
Trump has tweeted the event is planned for Dec. 15 in New York.
H/T: Zero Hedge